Cyprus Real Estate Marketplace

Lawyer Acquitted Amid Golden Passport Trial as Witness Testimony Falters

Lawyer Acquitted as Key Witness Declines to Testify

On Tuesday, Antonis Antoniou, a seasoned lawyer previously associated with the Giovani Group, was cleared of all charges linked to alleged unlawful naturalizations revealed by Al Jazeera. This outcome emerged when the primary prosecution witness, Anthony Kay, opted against offering testimony, prompting the legal service to withdraw the pertinent charges.

Contradictory Statements Lead to Dropped Charges

Prosecution lawyer Charis Karaolidou presented Kay’s written declaration, in which he denied having seen or known of any offenses linked to the defendants—materially conflicting with his earlier statements. Alongside Kay, Al Jazeera journalist Sarah Yeo also declined to testify, further weakening the prosecution’s case. Consequently, the Attorney General suspended the charges under counts 4 and 5 of the indictment.

Remaining Defendants Stand Trial

While Antoniou’s acquittal has drawn significant attention, ex-House President Demetris Syllouris and former Akel MP Christakis Giovanis still face grave accusations, including conspiracy to undermine the Republic and attempting to influence a public official. All of these events stem from a 2020 Al Jazeera exposé in which undercover reporters posed as intermediaries for a fictional Chinese businessman with a criminal history, seeking Cypriot citizenship. Despite these red flags, certain individuals appeared prepared to assist with the application.

Pittadjis Acquitted and Citizenship-by-Investment Canceled

Initially, four defendants stood trial: Antoniou, Giovanis, Syllouris, and lawyer Andreas Pittadjis—made infamous by his remark, “This is Cyprus,” in Al Jazeera’s documentary. Although Pittadjis was acquitted earlier, intense scrutiny of Cyprus’ Golden Passports scheme led the government to “definitively and irrevocably” terminate the program in November 2020. The European Union subsequently commenced legal action, arguing that the initiative enabled questionable applicants to obtain EU citizenship.

Investigations Reveal Widespread Irregularities

A separately commissioned report, headed by ex-supreme court judge Myron Nikolatos, concluded that more than half of all granted “golden passports” had been issued unjustly, largely due to inadequate due diligence. The administration has started the process of revoking improperly obtained citizenships, reflecting a broader push to restore trust in Cyprus’ property and investment landscape.

Implications for Real Estate in Cyprus

The ongoing trial underscores growing concerns about corruption and real estate investment oversight on the island. Nonetheless, Cyprus continues to draw investor interest for its scenic beauty and property opportunities. For those seeking legitimate deals, we recommend exploring Cheap Apartments for Sale Cyprus or Houses for Sale in Cyprus as reliable options.

While Antoniou’s acquittal marks a turning point in the legal proceedings, the alleged corruption surrounding the Golden Passports scheme remains a focal topic, both domestically and within the wider European Union.

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